cash surrender value

/kæʃ səˌrɛndər ˌvælju/
IPA guide

Other forms: cash surrender values

Definitions of cash surrender value
  1. noun
    the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured
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    type of:
    amount, amount of money, sum, sum of money
    a quantity of money
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